Sonali Bank earned a record profit of Taka 15.04 billion in 2011, topping the list of state-owned commercial bank. The amount was Taka 4.02 billion of 36.48 percent higher than that in the previous year. “As a largest commercial bank of the country, Sonali Bank has set a new record of profi...

ROME: Organised crime has tightened its grip on the Italian economy during the economic crisis, making the Mafia the country's biggest "bank" and squeezing the life out of thousands of small firms, according to a report on Tuesday. Extortionate lending by criminal groups had become a "national...

Bangladesh Bank is going to open Consumer Interest Protection Center (CIPC) cells in all its branches and the head office to improve the quality of banking and financial services and to protect consumer interests. BB Governor Dr. Atiur Rahman will formally open the center at its head office in...

Ahmed Saiful Islam has recently been appointed chief operating officer of HSBC Bangladesh with effect from January 1, the bank said in a statement yesterday. Prior to the appointment, Islam was the head of global payments and cash management at HSBC, Bangladesh.

With payment pressure continuing to strain external balance, the need for a quick release of funds from the $13 billion in aid committed by donors is felt more than ever before. But two major factors -- delays in project preparation and procurement -- prolong aid disbursement by donors, especiall...

M Reazul Karim has recently been promoted the additional managing director of Prime Bank with effect from January 1, the bank said in a statement. Prior to the appointment, he was the deputy managing director of the bank. Karim started his career as a probationary officer of National Bank in 1...

Nuzhat Anwar has recently been appo-inted the head of financial institutions of Citibank, NA, Bangladesh, the bank said in a statement yesterday. Nuzhat will be responsible for managing the bank's relationships with other bank and non-bank institutions.

The Bangladesh Bank (BB) expects the soaring inflation will be stable in the coming months and come down to single-digit in the last quarter (Q4) of current financial year. The central bank in a working paper, submitted to the parliamentary standing committee on the finance on Monday, said the...

Bangladesh Bank on Monday directed financial institutions (FIs) to submit their statements on corporate social responsibility and report on gender equality related performance indicators on half-yearly basis.

Accelerated customers services in Rajshahi Krishi Unnayan Bank (RAKUB) is very vital for boosting agricultural production everywhere in the country’s northwest region. This was stressed in the 373rd meeting of the board of directors of the bank held at its board room with its board chairman Prof ...